I don't claim to be a guru, but selling, designing and building home theaters from low end to over a few hundred thousand dollar commercial and residential systems is my business...
If you had to change a convergence circuit than you have a rear projection TV. If it's an HD 4:3 then it's good enough for whats available right now, so you should hang on to it and ride it out for another year or so. Right now it's a waste of money (if that's any issue) to jump into the HD market when the infrastructure for HD isn't even up to the market supply yet. You can buy all the HD equipment you and but there's very few HD-DVD's available and even less HD programming available at this point.... And don't forget that you will never see those older movies you love in true HD format cause they were never filmed in the format to begin with. So why not wait a year or so till broadcast HD and the amount of HD- DVD's are more widely available... and the prices of the equipment are going to drop about 30%. However... if it's the picture quality you want to improve over your projection or standard TV then by all means go out and pop for a good DLP, LCD or Plasma. But when it comes to LCD and Plasma... the models due out in the coming year will be vastly improved over whats out now.
But simply there is a vast difference in picture quality from Plasma to LCD. For one LCD can not match (and never will by design) the black level of a plasma or even a DLP because it allows light to seep thru its pixels. Then there's viewing angle which LCD fails miserably in conpared to all the others.
Here's a quick breakdown of the current standards....
Rear Projection
CRT...
Upside: Relatively inexpensive; excellent black-level performance; still the best picture quality in a proper environment with proper setup.
Downside: Deep cabinets; need periodic maintenance; not ideal for bright rooms; narrow viewing angle; softer image than microdisplays; most cannot display computer signals
Forecast: These dinosaurs are quickly being phased out in favor of lighter, lamp-driven microdisplays, and their demise in clearly in sight.
DLP...
Upside: Good black-level performance; no maintenance required to preserve sharpness; often computer-capable; thin and light compared to CRT.
Downside: Expensive; some rainbow effects; video noise in dark areas; periodic lamp replacement required.
Principal brands: Samsung, Toshiba, Mitsubishi, Panasonic, LG, RCA
Forecast: DLP is only getting cheaper and more popular, although LCD will give it plenty of competition
LCD...
Upside: No rainbow effect; no maintenance required to preserve sharpness; often computer-capable; thin and light compared to CRT.
Downside: Expensive; blacks not quite as deep as DLP; periodic lamp replacement required.
Principal brands: Sony, Hitachi, Panasonic, LG
Forecast: LCD has made some tremendous leaps in performance and will continue to challenge DLP as prices fall fast.
LCoS...
Upside: Excellent interpixel fill; no maintenance required to preserve sharpness; thin and light compared to CRT; more dependent on variants (below).
Downside: Periodic lamp replacement required; more dependent on variants
Principal brands: JVC, Sony, Hitachi
Forecast: LCoS is back from the dead, and two radically different variants prove the technology has plenty of staying power.
Flat Panel
Plasma...
Upside: As little as three inches thick; very good home-theater image quality in best examples; wide viewing angle.
Downside: Relatively expensive; slight potential for burn-in.
Forecast: Prices have fallen, and pictures have improved dramatically, perpetuating plasma's place as king of the flat-panel home-theater hill
LCD...
Upside: Higher resolution than comparably sized plasmas; no danger of burn-in.
Downside: Expensive in larger sizes; home-theater image quality not as good as plasma; relatively narrow viewing angle.
Forecast: Prices on this technology should fall precipitously over the next couple of years, following the computer LCD trend. Meanwhile, image quality will go up